Sales Executive - Bank Partnerships

Zact Inc.•Saratoga, CA

About The Position

Zact is a fintech innovator dedicated to helping organizations simplify expense and payment management. Our platform aligns employees, finance, and accounting with stronger controls, cleaner workflows, and continuous reconciliation to financial systems. The Sales Executive – Bank Partnerships is a strategic, quota-carrying role responsible for originating, structuring, and closing new financial institution partnerships. This position will define and scale Zact's bank distribution channel, engaging senior stakeholders across payments, treasury, product, and executive leadership — from first conversation through launch readiness and long-term revenue growth. The successful candidate will build and manage a robust pipeline of bank opportunities, navigate complex procurement and compliance processes, and collaborate cross-functionally to ensure implementation success.

Requirements

10+ years of experience in a quota-carrying sales, partnerships, or business development role.
Demonstrated success sourcing and closing net-new business.
Strong track record of building pipeline through outbound efforts and relationship-led selling.
Comfort operating independently in a fast-paced, evolving company where initiative and ownership matter.
Direct experience selling into banks or financial institutions.
Track record of managing complex bank sales cycles and navigating procurement, compliance, legal, and risk processes.
Experience in payments, fintech, card issuing, expense management, or financial infrastructure.
Understanding of issuers, networks, processors, and bank partnership models.
Strong negotiation, commercial structuring, and executive communication skills.
Ability to work cross-functionally with delivery, product, operations, and account management teams.
BS/BA degree or equivalent professional experience preferred.

Nice To Haves

Existing relationships within banks are a strong plus.
Familiarity with card programs, BIN sponsorship, virtual cards, or bank-led distribution models is a plus.
Experience driving post-sale adoption, account growth, or customer success outcomes is highly valued.
Prior people leadership or team development experience is a plus, especially in account management or partner success environments.

Responsibilities

Build a deep understanding of Zact’s products, value proposition, and bank distribution model.
Source and originate new bank partnership opportunities through proactive outreach, market development, and relationship-building.
Manage the full bank sales cycle from initial contact through negotiation, contract execution, and launch planning.
Engage and influence senior stakeholders within banks, including leaders across product, payments, treasury, operations, risk, and executive management.
Navigate bank procurement, legal, compliance, and risk review processes to drive deals to closure.
Structure and negotiate partnership agreements, including commercials, reseller structures, and revenue-share models where applicable.
Collaborate closely with product, legal, operations, marketing, and implementation teams to ensure a coordinated go-to-market and onboarding approach.
Work closely with the Delivery Manager to manage bank requirements, track key dependencies, and help ensure timely delivery against agreed milestones.
Help define repeatable sales processes, messaging, partnership structures, and market feedback loops as Zact scales its bank channel.
Maintain a disciplined pipeline and forecast with clear stage progression, next steps, and executive visibility.
Manage and enhance the account management team to drive successful bank corporate client adoption of Zact products, expansion opportunities, and strong ongoing partner satisfaction.
Take ownership of how the bank channel is built and evolved over time, combining new logo acquisition with successful partner activation and adoption.